The British smart home outfit AlertMe has a long history with British Gas – back in 2009 it scored its first trial with the country’s biggest energy supplier, and in 2012 it was chosen to provide the software for British Gas’s smart meters across the country. Its technology also underpins British Gas’s Hive Active Heating system.
Now the two have formally tied the knot. On Friday British Gas announced it was buying out AlertMe, in which it already held a 21 percent stake, for a net cost of £44 million ($68 million). AlertMe said the deal was worth an overall $65 million ($100 million). British Gas parent company Centrica said it expected the transaction to be completed by the end of the quarter.
Centrica said the purchase would give it a connected home boost in its other territories, such as the U.S. (where it owns Direct Energy) and Ireland (where…
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